Author: Yeek.io

Sei price continued its strong downtrend today, June 17, as the ongoing crypto crash accelerated. Sei (SEI) token dropped to $0.1660, its lowest level since April 17, and is now down more than 40% from its May high. From its November 2023 peak, the token has plunged by over 77%. Despite the bearish price action, Sei’s underlying fundamentals remain solid. According to data from DeFi Llama, the network’s total value locked has reached an all-time high of over 3.08 billion SEI, up significantly from 715 million at the start of the year. Most decentralized applications on the Sei network have…

In the world of cryptocurrency, the courtroom is just as chaotic as the market itself. While Bitcoin and Ethereum were built on the promise of decentralization—cutting out middlemen and regulations—governments aren’t giving up control without a fight. In 2022 alone, the four main U.S. federal agencies overseeing crypto—the SEC, CFTC, FinCEN, and OFAC—launched 58 crypto enforcement actions, a staggering 65% increase from the previous year. This rise in SEC crypto enforcement has had a ripple effect across the industry, from exchanges to individual developers. Number of Crypto Enforcement Actions Announced by US Federal Regulators from 2013-2022. Source: Solidus Labs However,…

Paradigm has filed an amicus brief in federal court arguing that Tornado Cash co-founder Roman Storm cannot be convicted without proof that he knowingly operated a money-transmitting business. In its June 13 filing made public on Monday, Paradigm requested that the court instruct the jury that for Storm to be convicted under federal money transmission laws, there must be clear evidence that he knowingly operated a business that controlled user funds, charged fees for transactions, and knowingly processed funds tied to criminal activity. Paradigm argued that the prosecution’s theory ignores longstanding FinCEN guidance, including 2019 statements issued under the Treasury…

When it comes to using cryptocurrencies, transaction fees play a crucial role in determining how fast and cost-effective your transfers are. Bitcoin and Ethereum, the two largest blockchain networks, both charge fees, but the way these costs are structured, why they fluctuate, and how they impact users are vastly different. Bitcoin’s fees are largely influenced by network congestion and block space demand, while Ethereum introduces a more complex fee structure with gas fees, which vary based on computational effort and network activity. But why do Bitcoin and Ethereum fees differ so much? What drives these costs, and how can users…

WBT, the utility token of crypto exchange WhiteBIT, became the top-performing asset on June 16, rallying past Toncoin and Shiba Inu just hours after the exchange announced a major partnership with a popular European football club. According to data from crypto.news, WhiteBIT Coin (WBT) surged 32% intraday, forming a sharp breakout candle often referred to as a “god candle,” and reached a new all-time high of $52.27. The rally pushed its year-to-date gains above 110%.  With a market cap of $7.43 billion, WBT has overtaken Toncoin (TON) and Shiba Inu (SHIB) to become the 21st-largest cryptocurrency in the market. The…

X has launched what appears to be a sweeping crackdown on the memecoin sector, issuing a wave of suspensions that claimed several casualties including Pump.fun and its founder. On Monday, June 16, 2025, the official platform handles for the Solana-based memecoin launchpad Pump.fun and its co-founder founder Alon Cohen were taken offline from the social media platform X (formerly Twitter).  When accessed, each now displays the message “Account suspended,” accompanied by X’s standard notice for violations of its platform rules. Screenshot of Pump.fun’s suspended X profile | Source: X The move appears to be part of a wider enforcement action…

Onchain securities platform Fairmint has urged the United States Securities and Exchange Commission to adopt a blockchain-powered regulatory framework to modernize private equity markets. On June 16, Fairmint, which operates as an SEC-registered transfer agent and develops infrastructure for compliant onchain securities, submitted a comprehensive seven-point policy proposal to the SEC’s Crypto Task Force, outlining how blockchain technology can be used to replace outdated administrative systems in the $6 trillion U.S. private securities market. In its submission to SEC Chairman Paul Atkins and Commissioner Hester Peirce, Fairmint outlined operational challenges in private markets and proposed solutions that it claims can…

Chances of a Dogecoin bounce in the short term increased as BTC climbed back above $106k Distribution phase of Dogecoin, even though the MVRV ratio was negative, signaled low bullish confidence Dogecoin [DOGE] suffered a setback last week when it faced rejection at a key resistance level at $0.2. Since then, it has dipped to the local low at $0.17. On Monday, Bitcoin [BTC] rallied from $105.6k to $108.4k – A 2.72% gain at the time of writing. More gains could follow, but the macroeconomic situation appeared as bleak as it did last week. Plus, the tensions in the Middle East…

AltLayer’s native token, ALT, recorded a sharp rally on Monday, June 16, forming a notable breakout candle ahead of its listing on South Korea’s leading exchange, Upbit. According to data from crypto.news, AltLayer (ALT) surged by 104% intraday, reaching a high of $0.051 before retracing to $0.033 at press time. Despite the pullback, ALT remained up 35% on the day, with its market cap at approximately $117 million, marking its highest valuation since early February. ALT gained traction after it secured a listing on Upbit, a tier-1 crypto exchange in South Korea. Listings on major centralized exchanges often drive short-term…

PEPE whale offloaded $6.52M worth of PEPE, with a cost basis of $0.00000832 Will more whales follow suit if the support breaks? A month ago, PEPE’s drop to $0.000007 triggered a sharp accumulation phase, igniting a 36% rally that propelled the price to a four-month high.  Despite a recent cooldown, the memecoin remains around 57% from that peak, keeping a large portion of participants in the green. With 87% of its supply held by the top 1% of addresses, it’s clear that whales are still sitting on healthy unrealized profits. However, that also raises the stakes. At the time of…